Real Estate Investing in Wells, New York (12190)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 12190 (Wells, NY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 71.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wells, NY (12190)?
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Market Analysis: 12190 Wells
Not every below-median market is a bargain. Wells's 12190 ZIP comes in at signals that favor experienced operators who can absorb the risk $229K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 12190 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 12190's metrics run below Hamilton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 12190 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 12190 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wells:
Property Strategy for 12190
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $231,584 | $1,200 | 3.7% | +9.4% | $115,792 |
| 3BR | $273,274 | $1,450 | 3.8% | +8.3% | $91,091 |
Market Trends
Home Value History (with trend line)
📊 How Does 12190 Compare?
| Metric | 12190 | Wells | New York |
|---|---|---|---|
| Home Value | $229,438 | $288,862 | $505,608 |
| 5-Year CAGR | 7.0% | 7.2% | 6.6% |
| Avg Rent | $1,080 | $1,089 | - |
| Cap Rate | 3.7% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 12190 (Wells, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $229,438 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 12190
Population: 683
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 12190
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is vacancy a concern in Wells, NY?
Vacancy risk in Wells, NY is elevated. That supports even-keeled cash flow for typical rental holds.
What is the smart move for investors in Wells, NY?
Wells, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($229K prices, $1,080/mo rents) make it a reasonable choice.
Where do home prices stand in Wells, NY?
The median home value in Wells, NY is roughly $229K. That puts it reasonable relative to the NY statewide average.
Is Wells, NY good for house hacking?
For house hackers, Wells, NY is a challenging. The $1,080/mo rent on a unit helps defray the mortgage on a $229K property.
How does Wells, NY stack up for property investment?
Our data puts Wells, NY at 3.0/5 for investability. Home prices of $229K and rents around $1,080/mo create a solid backdrop for investor activity.
You know 12190 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 12190 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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